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All the trimmings: Ongoing product development has helped offset declining revenue

The Cured Meat and Smallgoods Manufacturing industry has faced mixed trading conditions over the past five years. While new products have been developed to address consumer demand for more convenient and healthier eating, rising health consciousness has still had an adverse impact on the industry and constrained demand for smallgoods. New industry products have included organic, low-fat and low-salt smallgoods, along with a growing array of artisan-style products. Increasingly sophisticated consumer palettes have helped drive these developments. Packaging innovations have also presented an opportunity for some industry firms, with some products now available in single-serve packaging, while others are pre-diced to make them more convenient...read more.

Industry Report - Starting a New Business Chapter

The Cured Meat and Smallgoods Manufacturing industry exhibits moderate barriers to entry. Potential participants can be deterred from entry by the capital requirements of establishing or purchasing a processing plant. Typically, bacon and ham production is characterised by large-scale operators. It is often difficult for new entrants to effectively compete on a smaller scale. Therefore, comparable operations would require significant investment in buildings and machinery. However, the growth of specialty and high-value products do give some opportunities for smaller operators wishing to participate in niche markets.Brand loyalty among consumers can also hamper effective entry. The...purchase to read more.

Additional Insights for the
Cured Meat and Smallgoods Manufacturing
Industry

IBISWorld has determined the most important Key Success Factors for the Cured Meat and Smallgoods Manufacturing are:

Supply contracts in place for key inputs

Economies of scale

Establishment of brand names

IBISWorld analysts also discuss how external factors such as Domestic price of meat and Demand from supermarkets and grocery stores in the Cured Meat and Smallgoods Manufacturing industry impact industry performance..

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Top 500 Companies List has been released

Industry firms primarily manufacture bacon, ham, smallgoods and other prepared meat products. Smallgoods usually refers to meat products where the meat has been manufactured to form a new product, such as sausages; salamis; pates; and dried, roasted and preserved meat products. Smallgoods are made from pig meat, and other meats such as poultry and beef.

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“IBISWorld is a valuable resource for assisting us in current market trends in various client environments.”

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

“IBISWorld grants access to abundant information on industries which we have credit exposure in allowing for a quick and easy source for trends, key issues, risks, opportunities, competitive environment and overviews, all of which is updated frequently and presented in consistent formats.”

- BB&T

“Synovus... has incorporated the use of third-party trade and market data to gain insight into the performance and cash needs of its customers. For instance, it studies market reports from more than 700 industries by research company IBISWorld to better determine loan opportunities.”

- Synovus Financial Corporation

“Just wanted to let you know that our students really love IBISWorld. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.”

- Rice University

“Since TradingPartners started working with IBISWorld, we have been able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.”

- TradingPartners

“IBISWorld is an extremely powerful resource for audit planning from a risk perspective (SAS 104-111), client closing interviews to demonstrate industry knowledge as a trusted advisor, and client prospecting for understanding the industry to help win new accounts.”

- Rothstein Kass

“The industry analysis available in IBISWorld has been a staple in our information resources for the past several years. The consistent reporting, from industry to industry, helps with our ability to compare industry performance and outlooks.”

- Applied Marketing

“We have utilized IBISWorld industry reports for several areas within our testing at [Client name withheld for privacy]. Whether it be the testing of goodwill/intangible revenue projections or testing the actual revenues for the current year, we have found IBISWorld to be of great use.”

- Deloitte

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- Marshall & Stevens

“I like providing ‘best of’ professional service and your reports certainly help me do that.”

IBISWorld’s Cured Meat and Smallgoods Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Includes the necessary information to perform SWOT, PEST and STEER analysis.

Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.

Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Cured Meat and Smallgoods Manufacturing market research report includes:

Historical data and analysis for the key drivers of this industry

A five-year forecast of the market and noted trends

Detailed research and segmentation for the main products and markets

An assessment of the competitive landscape and market shares for major companies

And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cured Meat and Smallgoods Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.